The motorcycle market in China, specifically for models with spark ignition engines of 50-250 cc, has experienced variable growth from 2013 to 2023. Standing at $11.523 billion in 2023, the market saw sizable growth particularly from 2015 to 2018, witnessed a dip in 2019, and then rebounded steadily till 2023. The year-on-year growth rates varied significantly, with notable peaks in 2015 and moderate gains in recent years. The 5-year CAGR from 2019 to 2023 was 2.73%, indicating steady but moderate expansion in the market.
Looking ahead, the market is forecasted to continue its growth with a forecasted 5-year CAGR of 2.43%, reaching $13.433 billion by 2028. Future trends to watch for include advancements in electric motorcycle technologies, government regulations promoting green transportation, and changes in consumer preferences towards more eco-friendly options.
